Tamar Securities LLC Increases Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Tamar Securities LLC increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,012 shares of the company's stock after purchasing an additional 347 shares during the quarter. MercadoLibre accounts for 3.1% of Tamar Securities LLC's investment portfolio, making the stock its 13th biggest holding. Tamar Securities LLC's holdings in MercadoLibre were worth $22,126,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MELI. Prospect Financial Services LLC lifted its holdings in shares of MercadoLibre by 22.4% in the fourth quarter. Prospect Financial Services LLC now owns 240 shares of the company's stock valued at $408,000 after purchasing an additional 44 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of MercadoLibre by 0.7% during the 4th quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock worth $1,758,000 after purchasing an additional 7 shares in the last quarter. Sterling Investment Counsel LLC raised its position in shares of MercadoLibre by 18.5% during the 4th quarter. Sterling Investment Counsel LLC now owns 243 shares of the company's stock worth $413,000 after purchasing an additional 38 shares during the last quarter. Pacific Capital Wealth Advisors Inc. lifted its stake in MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 11 shares in the last quarter. Finally, Integrity Wealth Solutions LLC grew its holdings in MercadoLibre by 130.8% during the 4th quarter. Integrity Wealth Solutions LLC now owns 464 shares of the company's stock valued at $789,000 after buying an additional 263 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now directly owns 238 shares in the company, valued at approximately $472,425.24. This represents a 17.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

MercadoLibre Trading Up 2.7 %

NASDAQ:MELI traded up $49.53 on Tuesday, hitting $1,895.53. 351,683 shares of the stock were exchanged, compared to its average volume of 334,998. The stock has a fifty day moving average of $1,842.89 and a 200-day moving average of $1,914.15. The stock has a market cap of $96.10 billion, a PE ratio of 66.89, a PEG ratio of 0.96 and a beta of 1.60. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MELI shares. Cantor Fitzgerald cut their price target on MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Morgan Stanley cut their target price on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target on the stock in a research note on Tuesday, January 21st. Wedbush cut their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Finally, Redburn Atlantic started coverage on shares of MercadoLibre in a research report on Friday, October 11th. They set a "buy" rating and a $2,800.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,241.00.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.